Answer the ten (10) questions given the following data: 1). Net Income was $14,000 2)....
80.2K
Verified Solution
Link Copied!
Question
Accounting
Answer the ten (10) questions given the following data: 1). Net Income was $14,000 2). Dividends declared and paid were $3,000 3). Depreciation Expense was $7,000 4). As of Jan 1. 2023, 4.000 shares of $1 par value common stock were issued. 5). As of Jan 1, 2023, 1000 shares were reacquired. 6). Fixed assets that cost $10,000, had accumulated depreciation of $4,000 were sold for $7,000 7). 1,000 shares of stock were reacquired during the year. 8) An additional loan of $20,000 was taken out during the year. What is the adjustment in operating activities related to the change in A/R? in 2023? If the amount appears as a positive in the statement of cash flows, enter it as a positive. If it appears as a negative number in the statement of cash flows, enter a negative sign (-) in front of the number. Do not enter any dollar signs or commas. For example, if the number is negative $4,700, enter 4700. Question 7 0/2 pts What is the adjustment in investing activities related to the purchase of fixed assets during 2023? If the amount appears as a positive in the statement of cash flows, enter it as a positive. If it appears as a negative number in the statement of cash flows, enter a negative sign () in front of the number. Do not enter any dollar signs or commas. For example, if the number is negative $4,700, enter 4700
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!